The Trump Administration has reached agreement with more than 145 countries in the OECD/G20 Framework to have U.S.-headquartered companies remain subject to only U.S. global minimum taxes while exempting them from OECD Pillar Two deal.
This side-by-side agreement recognizes the tax sovereignty of the United States over the worldwide operations of U.S companies and the tax sovereignty of other countries over business activity within their own borders.
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by Joji Xavier
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